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Story summary
- Scotiabank's 1832 Asset Management sold its stake in Israeli arms maker Elbit Systems after significant criticism.
- Activists opposed to Elbit's military equipment supply to Israel during the Hamas conflict pressured the bank, previously its largest foreign investor.
- Regulatory filings show the investment arm's holdings dropped from about 165,000 shares in November to none.
- Elbit Systems' profits surged in November, driven by military sales amid the ongoing conflict.
